VECTOR_ANALYSIS // LEGAL
VASP (Virtual Asset Service Provider)
NODE: VASP
VERIFICATION: PASSED
01_DEFINITION
Strict Definition
"Any entity that conducts exchange, transfer, custody, or financial services related to virtual assets for or on behalf of another person."
Liability Check // Risk Analysis
The 'Unlicensed Operation' risk. If your business facilitates swaps or custody without a VASP license, you may face criminal charges and permanent bans from the financial system in jurisdictions like the EU or Singapore.
Knowledge Context // Related Terms
Auditor NotesVS-AN-2026
Strategy Domain
"Determine if your product features (e.g., internal wallets, swap buttons) trigger VASP status. If so, apply for a license or use a licensed API partner."
Operations Standard
"Contractually limit your services to jurisdictions where your current licensing or exemptions apply."
Legal & Compliance
"Register with the local Financial Intelligence Unit (FIU) if your activity qualifies under the VASP definitions."
DOCUMENT_ID: CW3-VASP-(VIRTUAL-ASSET-SERVICE-PROVIDER)-2026
SCHEMA_VER: AEO_3.2
LAST_AUDIT: 2/11/2026
HASH: YXVL9H
SCHEMA_VER: AEO_3.2
LAST_AUDIT: 2/11/2026
HASH: YXVL9H